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Funding need until end 2012 in a range of €6–8 bn<br />
Funding plan 2012<br />
in € bn<br />
~€30bn<br />
~€15bn<br />
~€15bn<br />
Maturing capital<br />
markets<br />
liabilities<br />
~€20bn<br />
Not to be<br />
refinanced<br />
* <strong>2011</strong> funding exceeding upper end of plan (€10-12bn)<br />
Eric Strutz CFO <br />
Frankfurt <br />
November 4th, <strong>2011</strong><br />
~€2bn*<br />
Pre-funding<br />
done <strong>2011</strong> (as of<br />
31 Oct.)<br />
Covered Bonds Unsecured Funding<br />
~€6-8bn<br />
~40%<br />
~60%<br />
Remaining<br />
funding need<br />
until end 2012<br />
Due to continued balance sheet reduction<br />
maturing capital markets liabilities will not have<br />
to be fully replaced in 2012<br />
Unsecured funding needs will be covered via<br />
private placements into Commerzbank’s<br />
franchise<br />
Further funding opportunities in <strong>2011</strong> will be<br />
used to cover 2012 funding plan<br />
Funding need from 2013 onwards expected to go<br />
down further<br />
25
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